Singaporeís two main government-linked investors, Temasek and GIC Private, have quietly ramped up their activity in Europe this year as the regionís economic woes and the UKís recovering financial sector have thrown up opportunities.
Last month GIC, Singaporeís sovereign wealth fund, took a 28.5 per cent stake in Rothesay Life, a UK company controlled by Goldman Sachs that insures UK companies against the expense and volatility of their defined benefit pension plans...............................................Full Article: Source